Charles Schwab Investment Management Inc. Has $79.18 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Charles Schwab Investment Management Inc. raised its position in M/I Homes, Inc. (NYSE:MHO) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462,081 shares of the construction company’s stock after buying an additional 19,754 shares during the period. Charles Schwab Investment Management Inc.’s holdings in M/I Homes were worth $79,182,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new position in shares of M/I Homes in the third quarter valued at approximately $393,000. Intech Investment Management LLC raised its position in M/I Homes by 100.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,245 shares of the construction company’s stock valued at $1,584,000 after purchasing an additional 4,635 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in M/I Homes in the third quarter worth $1,365,000. Avior Wealth Management LLC grew its holdings in shares of M/I Homes by 3.1% during the third quarter. Avior Wealth Management LLC now owns 4,456 shares of the construction company’s stock worth $764,000 after purchasing an additional 134 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of M/I Homes by 27.9% during the third quarter. Quest Partners LLC now owns 7,905 shares of the construction company’s stock worth $1,355,000 after purchasing an additional 1,724 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

Shares of MHO stock opened at $164.54 on Thursday. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 8.82 and a beta of 2.24. M/I Homes, Inc. has a 12 month low of $103.62 and a 12 month high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $162.67 and a 200 day moving average price of $147.67.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James upped their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.